You Can't handle the Truth about SHORT SALES.

By
Real Estate Agent with Godzyk Real Estate Services

Yesterday I lit up the Blogsphere with a blog titled HEY Short Sale Seller - GET OUT!!!! of our new home... It lit up my inbox with emails from Home Sellers asking for help. This time the overwelming question is WHAT IS THE RIGHT WAY TO GET MY HOME SOLD THROUGH A SHORT SALE. So many write that they read the warnings from other sellers but still just do not understand. Most Home owners saw a flashy ad on TV and rushed into listing becuase they thought bigger was better. I am sorry to report everything you see on TV is not always real.

If you owe more than your house is worth, if you are behind in your payments or if you have to move. A Short Sale could be for you. The most important tips are below:

2. List your Home with a LOCAL agent who is well experienced in your area.

3. Experience with short sales is more important than flashy TV or Newspaper ads. Choose an agnet who not only specilaizes in List Short Sales, but who will guide you through the process and get your sale approved and sold.

4. You should not be the Trial and error part of the learning curve where a new agent gets their experience in the world of short sales at your expense.

 

 


WHO TO LIST WITH: You often only have 1 chance to get your short sale approved, so who you choose to list with can mean teh difference between a sale or foreclosure.

1. The seller needs to start by choosing an agent to list with who is local, full time and well experienced with listing, negotiating and selling short sales.

2. Ask that agent if they assist you through EACH step of the SHort Sale process. You see... a well experienced agent will educate the seller and inform them through each step of the short sale.


PRICING YOUR HOME: The next most important part of the Short Sale is to have your Listing Agent price the home at or just below market value. Those homes that are priced much too low often doom the Short Sale before it begins.

WHAT TO AVOID AS THE SELLER OF A SHORT SALE:

1. Avoid "Out of town" Agents or "Out of State" companies

2. Do not choose an agent who is inexperienced with short sales.  You should not be the Trial and error part of the learning curve where a new agent gets their experience in the world of short sales at your expense.

3. Know what is the TRUTH and what is a MYTH
a. The bank is not the seller in a short sale - the home owner is the seller.
b. The listing agent works for the home owner - not the bank.
c. The bank does not set a list price - the listing agent does.
d. The home owner accepts the offer - their bank must then approve the sale

IN CONCLUSION If you owe more than your house is worth, if you are behind in your payments or if you have to move. A Short Sale could be for you. The most important tips is to list with an agent who is well experienced in listing, negotiating and selling Short Sales. If you live in NH, call me first. I use a professional negotiator that works on the sellers behalf when negiotiating with the bank at no cost to you. Most often the home owner can complete a short sale at no cost to them.


It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.

 

If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale whcih may be able to help you.

Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees. WE GET RESULTS!!!

 

We stand by you through every step in selling your home.

 


PLEASE SEE MY "TOP" TIPS FOR BUYING A HOME

 
 

PLEASE SEE MY "TOP" TIPS FOR SELLING A HOME

 

 

 
 
SUPPORT LOCAL BUSINESS!!!
 

ONE OF NEW HAMPSHIRE'S LEADING AGENTS FOR SHORT SALES AND BANK OWNED HOMES...

If you are Looking for a Real Estate Agent you have come to the right place. Scott Godzyk is a Full Time and Local agent ready to serve all of your Real Estate needs through each step of the buying or selling process. We are proud to be locally owned and operated.

If you owe more than your house is worth, If you are behind in your payments, I may be able to help. Call me to find out how you may be able to sell your home at no additional cost to you.

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Ssles, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.

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Re-Bloggged 3 times:

Re-Blogged By Re-Blogged At
  1. Daryl B. DeShaw 06/12/2012 06:40 AM
  2. Roy Kelley 06/12/2012 09:07 AM
  3. Kathy Streib 06/12/2012 11:48 AM
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Rainmaker
791,163
Al Raymondi
Ormond By The Sea Florida - Home and Condo Sales a
Ocean View Realty Group in Ormond By The Sea Florida

Those flashy ads still get some sellers hooked Scott, too bad they cannot deliver a sale.

June 12, 2012 05:35 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Thank you for the comment Al, you are right, sellers are caught hook, line and then the sinker when they cant or dont follow through and the seller ends up with a rejected short sale.

June 12, 2012 05:43 AM
Rainmaker
1,931,362
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Good morning, Scott... those in the Manchester NH area would be wise to call you for guidance with their short sale.... you're the agent of choice in Manchester NH..

June 12, 2012 06:19 AM
Ambassador
829,591
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

Good morning Scott -

I have never listed a SHORT SALE but have certainly taken my share of short sale buyers to the closing table.  It's not that I wouldn't list a SHORT SALE it's the fact I've never been called upon to do so.  Another excellent post my friend.

 

June 12, 2012 06:26 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Thank you for the comment and kind words Barabara

June 12, 2012 06:33 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

John you learn alot from taking buyers to the closing table. Often though it is what not to do as when it goes wrong everyone knows and when it goes right, not may notice. As a big listing agent I LOVE Buyer Agents bringing buyers to my listings. When done right everyone is happy.

June 12, 2012 06:35 AM
Rainmaker
493,834
Amanda S. Davidson
Your Northern Virginia Realtor
Living A Dream Real Estate

Scott- Wait you mean those infomercials don't always do what they say they will?! ;) An experienced short sale listing agent is imperative. Having a buyers agent that understands them and advises their clients properly is important too but, I've seen multiple times where the listing agent didn't know what they were doing and the house ended up in foreclosure. You're the expert in New Hampshire!

June 12, 2012 07:18 AM
Ambassador
1,113,635
Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

Hi Scott - Excellent advice, well-explained, for any seller facing a short sale. Hiring the right agent is absolutlely the single most important factor in achieving a succesful sale.

June 12, 2012 08:14 AM
Rainmaker
1,885,371
Roy Kelley
Roy and Dolores Kelley Photographs
Retired Real Estate Broker, Maryland Blogger

Very good advice for short sale sellers.  Selecting an experienced real estate professional is the primary secret for short sale success.

Have an outstanding week with your camera in hand.

June 12, 2012 09:01 AM
Rainmaker
671,224
Elite Home Sales Team
A Tenacious and Skilled Real Estate Team
Keller Williams Realty

We see a lot of out of area agents that do not load the information into the MLS correctly and cause a problem in finding the property.

June 12, 2012 09:12 AM
Rainmaker
856,663
Donna Foerster
Metro Denver Real Estate Agent
Cherry Creek Properties, LLC

Scott~ Great advice for folks that need help!

June 12, 2012 11:13 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Thank you for the comments Amanda

June 12, 2012 11:27 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

DICk very well said, it sure is the key to getting a short sale approval

June 12, 2012 11:28 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

ROY thank you for the comments, it doesnt have to be a secret if home owners would just take their time to hire a well expereinced agent.

June 12, 2012 11:29 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Elite Home Sales unfortanately it is similar here where alot of short sales are not placed in MLS which does not help the home owner or the mortgage crisis.

June 12, 2012 11:29 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Thank You for the comment Donna.

June 12, 2012 11:30 AM
Ambassador
1,435,272
Kathy Streib
Home Stager - Palm Beach County,FL -561-914-6224
Room Service Home Staging

Scott- I've had one friend who needed to do a short sale.  I introduced her to a Realtor I'd met here who knew short sales like the back of her hand.  In a short period she was able to get it sold and move back to her home state.   Sellers would be wise to seek an experienced Realtor in the short sales area. 

June 12, 2012 11:39 AM
Rainmaker
1,049,179
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

KATHY there are many success stories just like this when home owners use a local agent who is well experienced with short sales. There of been approvals in less than a month recently. I have former short sale sellers who are just shy of 2 years from their short sale and are now getting ready to close on their new home.

June 12, 2012 11:43 AM
Rainmaker
576,472
Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof
The Little REALTORĀ® That Could
Keller Williams Realty

Scott... suggested. Another worthwhile post worth reading! You wouldn't have a handyman pull out a tooth, why would anyone trust an inexperienced person to handle a short sale when their financial stability depends on it? This is a big deal and you nail it with this one!

June 13, 2012 07:03 AM
Rainmaker
1,844,556
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Anyone looking to short sell their home  in your area should call you for help.

June 13, 2012 03:15 PM
Anonymous
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Rainmaker
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